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SOTU: Biden says costs for goods are coming down

Food and energy prices continue to be a pain point for America’s farmers and ranchers.

During his State of the Union Address Tuesday night, President Biden says inflation is improving across the country.

“Here at home gas prices are down $1.50 from their peak,” he said. “Food inflation is coming down, not fast enough, but it’s coming down. Inflation has fallen every month for the last six months, while take home pay has gone up.”

Biden says several factors made inflation a global issue.

“The pandemic disrupted our supply chains,” he said. “And, Putin’s unfair and brutal war in Ukraine disrupted energy supplies and food supplies – blocking all of that grain in Ukraine.”

The National Association of Wheat Growers says it was pleased the President addressed food prices and food security, but wanted to hear more about agricultural and trade-related policies.